Enerplus Corporation is pleased to announce fourth quarter 2013 results as well as 2013 year-end operating and financial results.
2013 KEY TAKEAWAYS:
◾ Funds flow per share grew by 14%
◾ Production grew by 9%, exceeding guidance in spite of non-core asset sales
◾ Proved plus probable reserves were up 17% year-over-year, replacing 284% of 2013 production
◾ Capital spending, operating costs and general and administrative costs were all reduced
◾ Debt to funds flow ratio at year-end improved to 1.4x